Daily News: May 21, 2013

WSJ: Vote to Split Dimon’s Roles Fails

The Wall Street Journal reported that shareholders at JPMorgan Chase rejected a proposal to split Jamie Dimon’s dual roles as chief executive and chairman, calling the decision a setback in a campaign for major governance changes.

The Journal said a nonbinding recommendation that Dimon’s jobs be separated received support from roughly 32% of all shareholders who cast a vote. That was less than the 40% support that a similar resolution earned last year, the Journal reported.

To read the WSJ story click here.

Previously on abfjournal.com:

Bloomberg: JPMorgan Directors Oppose Splitting Dimon’s Role, Friday, May 10, 2013